PAR

MKT CAP:$567M

PAR Technology Corporation

Market Cap

$567M

Technology·Software - Application·🇺🇸 United States·NYSE

Technology·Software App·🇺🇸·NYSE

Stock Price

$14.18-$21.55 (-60.31%)

Apr 17, 2026

Company Details

PAR Technology Corporation, together with its subsidiaries, provides technology solutions to the restaurant and retail industries worldwide. The company operates in two segments, Restaurant/Retail and Government. The Restaurant/Retail segme...

CEO

Savneet Singh

IPO Date

Dec 3, 1982

Website

www.partech.com

Key Metrics TTM

Revenue

$409M

+21.7% YoY

Net Income

-$76M

EPS (Diluted)

-$2.26

Free Cash Flow

-$30M

Revenue / Share

$10.09

Gross Margin

37.3%

Operating Margin

-18.9%

Net Margin

-18.6%

FCF Margin

-7.2%

P/S

1.4x

P/E

—

Earnings Reports

Q4 2025

May 8, 2026

PENDING

FY 2025

Feb 26, 2026

$456MEPS -$2.09

Q3 2025

Nov 6, 2025

$119MEPS -$0.45

Q2 2025

Aug 8, 2025

$112MEPS -$0.52

Q1 2024

May 9, 2024

$70M-30.2%EPS -$0.62

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$59M	$8M	-$12M
Q1 21	$54M	$10M	-$6M
Q2 21	$69M	$15M	-$17M
Q3 21	$78M	$18M	-$14M
Q4 21	$82M	$19M	-$17M
Q1 22	$80M	$21M	-$13M
Q2 22	$85M	$21M	-$16M
Q3 22	$93M	$21M	-$18M
Q4 22	$98M	$26M	-$11M
Q1 23	$100M	$23M	-$14M
Q2 23	$70M	$19M	-$20M
Q3 23	$69M	$25M	-$17M
Q4 23	$108M	$26M	-$15M
Q1 24	$70M	$26M	-$27M
Q2 25	$112M	$51M	-$17M
Q3 25	$119M	$49M	-$18M

Valuation

Quarter	P/S	P/E
Q4 20	6.6x	—
Q1 21	6.4x	—
Q2 21	7.6x	—
Q3 21	6.5x	—
Q4 21	5.1x	—
Q1 22	3.5x	—
Q2 22	3.2x	—
Q3 22	2.4x	—
Q4 22	2.0x	—
Q1 23	2.5x	—
Q2 23	2.5x	—
Q3 23	3.3x	—
Q4 23	3.6x	—
Q1 24	4.8x	—
Q2 25	7.8x	—
Q3 25	4.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	-$6M	-$6M
Q1 21	-$3M	-$5M
Q2 21	-$30M	-$30M
Q3 21	-$11M	-$13M
Q4 21	-$10M	-$11M
Q1 22	-$21M	-$23M
Q2 22	-$10M	-$12M
Q3 22	-$2M	-$4M
Q4 22	-$9M	-$12M
Q1 23	-$17M	-$18M
Q2 23	$4M	$241.0K
Q3 23	-$6M	-$9M
Q4 23	$1M	-$1M
Q1 24	-$24M	-$25M
Q2 25	-$7M	-$9M
Q3 25	$8M	$5M

Capital Expenditures

Quarter	CapEx
Q4 20	$607.0K
Q1 21	$2M
Q2 21	$448.0K
Q3 21	$2M
Q4 21	$2M
Q1 22	$2M
Q2 22	$2M
Q3 22	$2M
Q4 22	$2M
Q1 23	$1M
Q2 23	$4M
Q3 23	$3M
Q4 23	$2M
Q1 24	$1M
Q2 25	$2M
Q3 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 20	+10.6%	+22.1%
Q1 21	-0.5%	+0.1%
Q2 21	+50.9%	+67.1%
Q3 21	+42.0%	+64.7%
Q4 21	+39.4%	+40.0%
Q1 22	+47.4%	+53.9%
Q2 22	+23.4%	+17.8%
Q3 22	+19.1%	+20.9%
Q4 22	+19.7%	+10.1%
Q1 23	+25.1%	+22.8%
Q2 23	-18.3%	-11.6%
Q3 23	-25.9%	-22.9%
Q4 23	+10.3%	+13.3%
Q1 24	-30.2%	-15.3%
Q2 25	+61.7%	+45.1%
Q3 25	+73.5%	+60.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$1M	1.8%
Q1 21	$1M	2.4%
Q2 21	$0	0.0%
Q3 21	$4M	4.9%
Q4 21	$5M	6.4%
Q1 22	$4M	4.4%
Q2 22	$3M	3.8%
Q3 22	$3M	3.8%
Q4 22	$3M	3.2%
Q1 23	$3M	3.0%
Q2 23	$4M	5.2%
Q3 23	$4M	5.7%
Q4 23	$4M	3.5%
Q1 24	$4M	6.3%
Q2 25	$8M	7.0%
Q3 25	$8M	6.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 20	$6M	$14M	—	—
Q1 21	$6M	—	—	$15M
Q2 21	$9M	—	—	$23M
Q3 21	$10M	—	—	$22M
Q4 21	$10M	—	—	$25M
Q1 22	$11M	—	—	$22M
Q2 22	$10M	—	—	$26M
Q3 22	$13M	—	—	$27M
Q4 22	$15M	—	—	$26M
Q1 23	$14M	$18M	$9M	—
Q2 23	$15M	$16M	$10M	—
Q3 23	$15M	$18M	$10M	—
Q4 23	$14M	—	—	$28M
Q1 24	$16M	$25M	$11M	—
Q2 25	$21M	$32M	$12M	—
Q3 25	$19M	$32M	$12M	—

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q4 20	10.6%	-9.3%	1.3
Q1 21	-0.5%	-3.8%	-4.3
Q2 21	50.9%	-18.0%	32.9
Q3 21	42.0%	-26.2%	15.8
Q4 21	39.4%	-13.2%	26.2
Q1 22	47.4%	-8.4%	39.0
Q2 22	23.4%	-11.6%	11.8
Q3 22	19.1%	-12.8%	6.4
Q4 22	19.7%	-4.7%	14.9
Q1 23	25.1%	-7.0%	18.1
Q2 23	-18.3%	-18.8%	-37.1
Q3 23	-25.9%	-15.7%	-41.6
Q4 23	10.3%	-8.2%	2.1
Q1 24	-30.2%	-27.3%	-57.6
Q2 25	61.7%	-5.6%	56.1
Q3 25	73.5%	-3.8%	69.7

Rule of 40

Revenue Segments

Quarter	Contract	Product	Service	Hardware	Professional Service	Subscription Service
Q4 20	$18M	$22M	$18M	—	—	—
Q1 21	$18M	$19M	$18M	—	—	—
Q2 21	$18M	$24M	$27M	—	—	—
Q3 21	$18M	$30M	$30M	—	—	—
Q4 21	$19M	$32M	$31M	—	—	—
Q1 22	$21M	$25M	$34M	—	—	—
Q2 22	$21M	$28M	$36M	—	—	—
Q3 22	$24M	$31M	$37M	—	—	—
Q1 23	$32M	—	—	$27M	$14M	$28M
Q4 23	$38M	—	—	$24M	$13M	$33M
Q2 25	—	—	—	$27M	$14M	$72M
Q3 25	—	—	—	$30M	$15M	$75M

Revenue by Geography

Quarter	Non-US	United States
Q4 20	$11M	$47M
Q1 21	$4M	$51M
Q2 21	$5M	$64M
Q3 21	$6M	$72M
Q4 21	$6M	$76M
Q1 22	$5M	$76M
Q2 22	$6M	$79M
Q3 22	$4M	$89M
Q4 22	$5M	$93M
Q1 23	$5M	$95M
Q4 23	$7M	$101M
Q2 25	$20M	$93M
Q3 25	$21M	$98M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$163M	$0	$163M
Q2 22	$149M	$0	$149M
Q3 22	$86M	$40M	$126M
Q4 22	$70M	$40M	$111M
Q1 23	$49M	$41M	$89M
Q2 23	$44M	$41M	$85M
Q3 23	$43M	$37M	$80M
Q4 23	$37M	$37M	$74M
Q1 24	$51M	$22M	$73M
Q2 24	$115M	$28M	$142M
Q3 24	$106M	$13M	$118M
Q4 24	$108M	$524.0K	$109M
Q1 25	$92M	$531.0K	$92M
Q2 25	$85M	$567.0K	$86M
Q3 25	$92M	$541.0K	$93M
Q4 25	$80M	$579.0K	$80M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	22M	+18.4%	+30.4%
Q1 21	22M	+1.5%	+22.2%
Q2 21	25M	+16.2%	+39.7%
Q3 21	26M	+2.0%	+42.5%
Q4 21	27M	+3.4%	+24.4%
Q1 22	27M	+0.3%	+23.0%
Q2 22	27M	+0.0%	+5.9%
Q3 22	27M	+0.5%	+4.3%
Q4 22	27M	+0.0%	+0.9%
Q1 23	27M	+0.8%	+1.4%
Q2 23	27M	+0.0%	+1.4%
Q3 23	27M	+0.4%	+1.3%
Q4 23	28M	+1.8%	+3.1%
Q1 24	30M	+5.5%	+7.9%
Q2 25	41M	+37.3%	+48.1%
Q3 25	41M	+0.2%	+47.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	$58.1K	1K
Q1 21	$54.0K	1K
Q2 21	$68.4K	1K
Q3 21	$77.2K	1K
Q4 21	$55.2K	1K
Q1 22	$54.4K	1K
Q2 22	$57.6K	1K
Q3 22	$62.8K	1K
Q4 22	$56.8K	2K
Q1 23	$58.4K	2K
Q2 23	$40.4K	2K
Q3 23	$40.0K	2K
Q4 23	$59.8K	2K
Q1 24	$38.9K	2K
Q2 25	$70.9K	2K
Q3 25	$75.2K	2K

Revenue / Employee